1. Develop a budget: Creating a budget is the first step to reducing debt. This will help you understand how much money you have coming in and going out each month. 2. Make more payments: Make more than the minimum payment when possible to pay off your debt more quickly. 3. Pay off high-interest debt first: Prioritize paying off high-interest debt to save money in the long run. 4. Use a debt reduction calculator: A debt reduction calculator can help you determine how quickly you can pay off your debt. 5. Consider debt consolidation: Debt consolidation can help simplify your payments and reduce your interest rate. 6. Consider a balance transfer: Balance transfers can help you reduce your interest rate and save money in the long run. 7. Use a debt management plan: A debt management plan can help you manage your debt and make payments more affordable. 8. Use life insurance for debt reduction: Life insurance can help you pay off debt in the event of your death. 9. Negotiate with creditors: Negotiating with your creditors can help you reduce your interest rate and save money. 10. Seek professional help: A financial professional can help you.